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Pharma company stock loses billions after fake Twitter account tweets that insulin is free in latest Elon Musk verification debacle

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Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)

A pharmaceutical company lost billions in stock valuation after a fake Twitter account tweeted that insulin was free in the latest debacle from Elon Musk's acquisition of the social media company.

Eli Lilly and Company has been criticized by many for profiting from high insulin pricing, but the company was forced to release a clarification when the fake tweet resulted in a loss of 5% of its stock value.

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